In a recent development, Atlantic Lithium Limited (ASX:A11) has placed a trading halt on its Admitted Shares with effect from Tuesday, December 15, 2020. This halt was initiated as per the requests made by the Australia Securities Exchange (ASX).
Atlantic Lithium Limited is an exploration and development stage company, headquartered in Perth, Australia. The firm is engaged in the evaluation and exploration of mineral deposits, particularly the lithium-ion battery minerals. The company primarily focuses on Tantalum, Lithium, and Tin.
The objective behind placing the trading halt is to give the company sufficient time to fulfill the required information and issue the price sensitive announcement/compliance announcement, to let the shareholders and public aware of the company’s progress.
Following the trading halt, the shares of Atlantic Lithium Limited are likely to remain halted till the company provides the required information, and the Australian Securities Exchange confirms the pricing announcement in the market.
The investors and shareholders are advised to remain updated with the market information and announcements made by the company. They are also requested to ensure that all their shareholdings are well-transacted and safely handled.
The company is yet to provide any information on when the resumption of share trading will take place. However, the resumption of trading will happen at the soonest once the company fulfills the ASX requests.
Industry experts seem to be quite positive about the trading halt and its effect on the company and the price of the shares. Many of them are of the opinion that the company is doing its best to maintain the best interest of the shareholders.
Overall, the trading halt is an indication that the company is trying to keep its stakeholders and shareholders informed about the significant trading activities. This move will also help the company to keep the share price stable in the near term.
In a recent development, Atlantic Lithium Limited (ASX:A11) has placed a trading halt on its Admitted Shares with effect from Tuesday, December 15, 2020. This halt was initiated as per the requests made by the Australia Securities Exchange (ASX).
Atlantic Lithium Limited is an exploration and development stage company, headquartered in Perth, Australia. The firm is engaged in the evaluation and exploration of mineral deposits, particularly the lithium-ion battery minerals. The company primarily focuses on Tantalum, Lithium, and Tin.
The objective behind placing the trading halt is to give the company sufficient time to fulfill the required information and issue the price sensitive announcement/compliance announcement, to let the shareholders and public aware of the company’s progress.
Following the trading halt, the shares of Atlantic Lithium Limited are likely to remain halted till the company provides the required information, and the Australian Securities Exchange confirms the pricing announcement in the market.
The investors and shareholders are advised to remain updated with the market information and announcements made by the company. They are also requested to ensure that all their shareholdings are well-transacted and safely handled.
The company is yet to provide any information on when the resumption of share trading will take place. However, the resumption of trading will happen at the soonest once the company fulfills the ASX requests.
Industry experts seem to be quite positive about the trading halt and its effect on the company and the price of the shares. Many of them are of the opinion that the company is doing its best to maintain the best interest of the shareholders.
Overall, the trading halt is an indication that the company is trying to keep its stakeholders and shareholders informed about the significant trading activities. This move will also help the company to keep the share price stable in the near term.
